Rheinmetall narrows operating margin guidance on record Q3 sales
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Rheinmetall, a German arms manufacturer, has narrowed its full-year operating margin guidance following record-high sales in the third quarter. The company has benefited from increased European defense spending due to the Ukraine war.
November 07, 2024 | 7:00 am
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Rheinmetall has narrowed its full-year operating margin guidance after achieving record-high sales in Q3, benefiting from increased European defense spending.
Rheinmetall's record Q3 sales and narrowed margin guidance indicate strong performance and potential for continued growth due to increased defense spending in Europe. This is likely to positively impact the stock price in the short term.
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